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Birmingham Post
Birmingham Post
Business
Lauren Phillips

Founding director of Creo Interactive sells share in company after six-figure MBO deal

The founding director of Cardiff-based creative agency CREO Interactive has sold 75% of the business to three co-directors in a management buyout.

Richard Ward sold his interest in the company to Jordan Thorne, Kat Shaw and Nick Coakley, while still retaining a 25% share.

The three co-directors become joint owners of the business with a six-figure loan from the Development Bank of Wales secured as finance.

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